Eastern Bankshares Stock Probability of Future Stock Price Finishing Under 12.01
| EBC Stock | USD 17.79 0.70 3.79% |
Eastern |
Eastern Bankshares Target Price Odds to finish below 12.01
The tendency of Eastern Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to $ 12.01 or more in 90 days |
| 17.79 | 90 days | 12.01 | near 1 |
Based on a normal probability distribution, the odds of Eastern Bankshares to drop to $ 12.01 or more in 90 days from now is near 1 (This Eastern Bankshares probability density function shows the probability of Eastern Stock to fall within a particular range of prices over 90 days) . Probability of Eastern Bankshares price to stay between $ 12.01 and its current price of $17.79 at the end of the 90-day period is about 69.97 .
Considering the 90-day investment horizon the stock has the beta coefficient of 2.37 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Eastern Bankshares will likely underperform. Additionally Eastern Bankshares has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Eastern Bankshares Price Density |
| Price |
Predictive Modules for Eastern Bankshares
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Eastern Bankshares. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Eastern Bankshares Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Eastern Bankshares is not an exception. The market had few large corrections towards the Eastern Bankshares' value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Eastern Bankshares, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Eastern Bankshares within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.0082 | |
β | Beta against Dow Jones | 2.37 | |
σ | Overall volatility | 1.03 | |
Ir | Information ratio | 0.03 |
Eastern Bankshares Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Eastern Bankshares for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Eastern Bankshares can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| The company reported the last year's revenue of 796.46 M. Reported Net Loss for the year was (62.69 M) with profit before taxes, overhead, and interest of 726.29 M. | |
| Eastern Bankshares has a poor financial position based on the latest SEC disclosures | |
| About 74.0% of the company shares are held by institutions such as insurance companies | |
| On 16th of December 2024 Eastern Bankshares paid $ 0.12 per share dividend to its current shareholders | |
| Latest headline from bizjournals.com: Vicentes Supermarket launches New Bedford store with CDFI backing |
Eastern Bankshares Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Eastern Stock often depends not only on the future outlook of the current and potential Eastern Bankshares' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Eastern Bankshares' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 162.4 M | |
| Cash And Short Term Investments | 693.1 M |
Eastern Bankshares Technical Analysis
Eastern Bankshares' future price can be derived by breaking down and analyzing its technical indicators over time. Eastern Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Eastern Bankshares. In general, you should focus on analyzing Eastern Stock price patterns and their correlations with different microeconomic environments and drivers.
Eastern Bankshares Predictive Forecast Models
Eastern Bankshares' time-series forecasting models is one of many Eastern Bankshares' stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Eastern Bankshares' historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Eastern Bankshares
Checking the ongoing alerts about Eastern Bankshares for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Eastern Bankshares help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| The company reported the last year's revenue of 796.46 M. Reported Net Loss for the year was (62.69 M) with profit before taxes, overhead, and interest of 726.29 M. | |
| Eastern Bankshares has a poor financial position based on the latest SEC disclosures | |
| About 74.0% of the company shares are held by institutions such as insurance companies | |
| On 16th of December 2024 Eastern Bankshares paid $ 0.12 per share dividend to its current shareholders | |
| Latest headline from bizjournals.com: Vicentes Supermarket launches New Bedford store with CDFI backing |
Check out Eastern Bankshares Backtesting, Eastern Bankshares Valuation, Eastern Bankshares Correlation, Eastern Bankshares Hype Analysis, Eastern Bankshares Volatility, Eastern Bankshares History as well as Eastern Bankshares Performance. For information on how to trade Eastern Stock refer to our How to Trade Eastern Stock guide.You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Eastern Bankshares. If investors know Eastern will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Eastern Bankshares listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.46) | Dividend Share 0.44 | Earnings Share 0.53 | Revenue Per Share 3.554 | Quarterly Revenue Growth 0.049 |
The market value of Eastern Bankshares is measured differently than its book value, which is the value of Eastern that is recorded on the company's balance sheet. Investors also form their own opinion of Eastern Bankshares' value that differs from its market value or its book value, called intrinsic value, which is Eastern Bankshares' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Eastern Bankshares' market value can be influenced by many factors that don't directly affect Eastern Bankshares' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Eastern Bankshares' value and its price as these two are different measures arrived at by different means. Investors typically determine if Eastern Bankshares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eastern Bankshares' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.